Tesla CEO Elon Musk has made a bold prediction about the future of the economy, saying that money could lose its importance by 2036.
According to Musk, the rapid development of artificial intelligence and humanoid robots could fundamentally change the way society and the economy function.
"What do you need money for? You need it for goods and services: food, shelter, transportation and entertainment," Musk said, arguing that if robots and artificial intelligence systems manage to produce more goods and services than humans can consume, then the need for money could be significantly reduced.
Musk has repeatedly stated that robots and AI will play a major role in the future. He believes that autonomous cars and humanoid robots could perform a large portion of manual and industrial work, significantly increasing global production.
However, economic and technology experts have different views on this scenario. Many of them point out that even in a world with high automation, issues such as the distribution of wealth, ownership of technology and how people will access resources will remain.
Musk's statement has reopened the debate over the long-term impact of artificial intelligence and whether technological progress can bring about an economy where the traditional role of money changes. /Telegraph
Russia has entered the top five countries in the world in terms of the number of billionaires in dollars and the top ten in terms of the number of millionaires.
According to the Global Wealth Report, Russia currently has 122 billionaires.
Only the United States, China, India and Germany have more billionaires.
Over the past year, 22,000 new dollar millionaires have emerged in Russia. This number is higher even than in China, despite the large difference in population size.
The number of extremely wealthy Russians continues to grow, even as the country faces war, international sanctions and a decline in living standards for many citizens.
While some are increasing their wealth, others are facing rising prices and declining purchasing power. /Telegraph/
A powerful explosion caused by a large fire shook an industrial area in Essex, Great Britain, on Friday, causing panic among nearby residents.
More than 100 firefighters were involved in the operation to extinguish the flames, while emergency teams worked for several hours to bring the situation under control.
Footage posted on social media shows the dramatic moment when the explosion hit the industrial facility, creating a powerful wave of noise and shock that was also felt in surrounding areas.
In some videos, people are seen quickly leaving the scene, while a large cloud of smoke rises above the building engulfed in flames, writes the BBC.
Essex Fire Service classified the incident as a major incident, due to the size of the fire and the potential risk of further explosions.
Authorities urged residents to avoid the area and, for those living near it, to keep doors and windows closed to avoid the impact of smoke and air pollution.
Emergency crews focused on containing the fire and preventing it from spreading to surrounding buildings or facilities. No further risks to the community have been reported at this time, while authorities continue to investigate the causes of the explosion and fire.
In a statement released Friday evening, firefighters said the fire was under control and no longer posed a widespread threat to public safety. However, crews remained on the scene to monitor the situation and ensure there was no risk of the flames reigniting. /Telegraph/
A Canadian woman of Chinese origin who had been an intern at one of NATO's main facilities in Belgium has been arrested on suspicion of espionage and involvement in a criminal organization, Belgian prosecutors have announced.
According to authorities, the woman is suspected of acting on behalf of a third country, although it has not been revealed which country is involved.
The prosecution has stated that investigations are ongoing and that no further information about the suspect's identity will be released at this time, Reuters writes.
The suspect had worked as an intern at SHAPE (Supreme Headquarters Allied Powers Europe), the main headquarters of NATO's military command in Mons, Belgium. This facility is one of the Alliance's most important centers, where NATO's military operations and planning in Europe are coordinated.
The Belgian prosecutor's office has not provided details on the alleged nature of her activities, the length of her practice or the information she may have had access to. However, the case is being treated with seriousness because of the location where she was involved and SHAPE's strategic role within NATO structures.
The arrest comes at a time when NATO member countries have heightened vigilance against threats of espionage and foreign interference, particularly in institutions related to security and defense.
Belgian authorities are expected to provide more information after the initial stages of the investigation are completed. /Telegraph/
Russian forces have launched an unsuccessful attempt at a major tank breakthrough on the front line near Dobropilskyi.
The latter is one of the Ukrainian strongholds near the strategic town of Pokrovsk in the Donetsk region.
Ukrainian drone operators from the Phoenix border unit, part of the Pomsta ("Revenge") brigade, in cooperation with neighboring units, repelled the Russian attack, in which several dozen armored vehicles were used.
The Border Service of Ukraine announced that in its area of responsibility a penetration attempt of such magnitude had not been recorded for a long time.
Ukrainian soldiers added that the Russians had long been accumulating the remains of their "greatness," but that all that "old scrap" ended up destroyed and burned in the fields and forest belts of the Donetsk region.
According to the Ukrainian military, during this operation, nine Russian tanks, two armored vehicles, three Grad multiple rocket systems, which were planned to provide fire support for the advance of Russian forces, were destroyed, and several dozen Russian soldiers were killed. /Telegraph
SpaceX has successfully completed a test flight of its Starship mega-rocket, just a week after a failed attempt during which several engines failed to fire immediately after launch.
The 13th test flight, known as Flight 13, achieved several important technical objectives before the upper part of the Starship spacecraft ended the mission with a controlled descent into the Indian Ocean, CNN reported.
The Super Heavy booster rocket, which separated from the Starship about two minutes after liftoff, also made a controlled return and completed the landing in the Persian Gulf.
“I’m losing my mind right now,” said SpaceX spokesman Dan Huot, as the live stream continued through the Starship’s descent. He described the landing as a “dream scenario,” noting that it was the first time the company had successfully returned an intact Starship to the water.
"The number 13 is lucky," Huot declared, referring to the fact that this was the 13th flight of a complete Starship system combined with the Super Heavy rocket.
This was only the second test flight of the new Starship V3 version. During the first test in May, several engine problems caused a loss of performance and led to the failure of the mission.
SpaceX is working under pressure to prepare Starship for a major NASA test scheduled for next year. The mission is seen as a significant step toward using the rocket for future trips to the Moon.
The latest flight was also SpaceX's first as a publicly traded company. The failure of the previous test negatively affected the value of the company's shares, which continue to trade below their initial public offering (IPO) price. /Telegraph/
Saudi Arabia on Friday carried out airstrikes on Yemen's Hodeidah province, which is controlled by Houthi rebels, marking another escalation of tensions in the Red Sea region.
According to Al-Masirah TV, which is under the control of the Houthi rebels, the attacks targeted telecommunications authorities' facilities and Kamaran Island. No casualties have been reported so far, while authorities have not disclosed the extent of material damage.
The attacks came just hours after Saudi state media reported that the Saudi ship NCC MASA had suffered minor hull damage while sailing in the Red Sea. According to Saudi authorities, the ship continued its journey after being confirmed to be safe for navigation.
A day earlier, the Houthis claimed responsibility for attacks on two other Saudi ships, the "Encela" and the "Laylia", claiming they used ballistic missiles, cruise missiles and drones.
The escalation comes after the Houthis declared a naval blockade on Saudi ships passing through the strategic Bab al-Mandab Strait. The group warned that any commercial vessel using Saudi ports for loading or unloading could be considered a military target, regardless of its nationality or destination.
The Houthis justified the decision by accusing Saudi Arabia of imposing a blockade on areas of Yemen controlled by the internationally recognized government.
On the other hand, Riyadh rejected these accusations, announcing that the Yemeni ports of Hodeidah, Salif and Ras Isa have received over 300 ships with food, fuel and construction materials during the first half of 2026. Saudi authorities stressed that the current measures are only aimed at implementing United Nations restrictions to prevent arms smuggling.
The Saudi-led coalition also announced that it has imposed additional security measures for ships passing through the Bab al-Mandab and warned of a firm response to any threat to maritime navigation.
However, later in the day, the Houthis clarified that they had not completely closed the Bab al-Mandab Strait, stressing that their measures were only directed at ships bound for Saudi Arabia and not at all international maritime traffic. /Telegraph
The Moon is much more than just a decoration in the night sky. If it were to suddenly disappear, the consequences for Earth would be huge – from tides to climate and ecosystems.
For billions of years, the Moon has orbited Earth at an average distance of about 384,400 kilometers, influencing life on our planet more than many people realize.
On the occasion of International Moon Day, which is celebrated every year on July 20, the German news agency dpa analyzed the question: What would happen if the Moon suddenly disappeared? NASA's answer is clear: Earth would be a completely different place. Some consequences would be felt immediately, such as darker nights and much weaker tides.
Other changes, such as the instability of the Earth's axis or changes in its rotation, would appear over very long periods of time.
The Moon is the Earth's only natural satellite. Although life cannot exist on the Moon itself, as it has no atmosphere, it plays a crucial role in maintaining the conditions that make life possible on Earth, writes diewelt .
The Moon's gravitational pull acts as a stabilizer for the Earth's axis. This axis is currently tilted about 23.5 degrees relative to the Earth's orbit around the Sun, and it is this tilt that makes possible the different seasons in the northern and southern hemispheres.
If the Moon were to disappear, the tilt of the Earth's axis would become much less stable. According to calculations by the Royal Greenwich Observatory, the Earth's axis could wobble significantly.
In the most extreme scenario, the axis could stay almost straight, causing the seasons to almost disappear. If it were tilted more in the other direction, some parts of the Earth would face much hotter summers, harsher winters, or even ice ages.
The Moon's gravitational pull is the main cause of tides. "The Sun also influences the tides, but its influence is about half that of the Moon," explains Martin Knapmeyer from the German Aerospace Center (DLR).
This means that, without the Moon, the tides would be significantly weaker. Coastal ecosystems, which depend on this natural cycle, would be radically altered. Many species, such as mussels, starfish, sea snails and various types of crabs, could lose their habitats.
The Moon affects Earth in another way as well. Over billions of years, its gravitational pull has gradually slowed Earth's rotation—from just a few hours in the distant past to the 24-hour day we have today.
If the Moon disappeared, the length of the day would initially not change, says Martin Knapmeyer.
However, over billions of years, the Sun's influence would further slow down Earth's rotation, until our planet could end up always turning the same side to the Sun, just as the Moon always shows the same face to Earth.
The disappearance of the Moon would have immediate consequences for the animal world as well. Many nocturnal species navigate by moonlight or have adapted their hunting and reproduction to the lunar cycle.
Without the Moon, nights would be much darker. Some predators would have a harder time finding prey, while other species could take advantage of the greater darkness. These changes could significantly transform existing ecosystems. /Telegraph/
US President Donald Trump has signaled a more moderate approach towards Iran, saying Tehran is "more serious than ever" about holding talks, while toning down previous statements about a major military strike.
During a White House event on nuclear technology, Trump said he had not yet made a decision to launch "massive attacks" on Iran, despite previously stating that such an option was under consideration.
"Right now, we're talking to them, so there probably won't be a tipping point that would lead to a massive attack," the 80-year-old told reporters in the Oval Office, Skynews writes.
The new reaction follows previous warnings that the United States was ready for strong military action against Iran. However, this time the US president hinted that a diplomatic deal remains a possibility.
Trump said the US and Iran could continue "as we are now" or they could reach a deal to resolve the crisis.
The American leader also dismissed claims that the upcoming US elections are influencing his foreign policy decisions, stating: "Despite what everyone says about the midterm elections, I'm in no rush."
Trump's new statements indicate an effort to keep the diplomatic channel with Tehran open, while tensions between the two countries remain high. /Telegraph
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